Program Objectives:

By the end of the program, participants will be able to:

• Explain the functions of financial management.
• Define the four key financial statements: balance sheet, income, cash flow and changes in owners equity.
• Interpret the financial health of a company or profit center.
• Master capital budgeting and cost-volume-profit analysis.
• Use financial information to manage the business or their departments.

 

This Program is designed for:

Managers, supervisors and staff from any function including finance who need to improve understanding and use of financial information. This program is worth 25 NASBA CPEs.

Program Outline:

Introduction The Goals and Functions of Financial Management The Three Most Important Questions Answered by Finance The Key Financial Statements Income Statement Changes in Owner Equity Balance Sheet Cash Flow Analysis of Financial Statements Judging the Health of the Business Income Statement Ratios Balance Sheet Ratios How to Read Company Annual Reports Cost Concepts and Decision-Making Cost-Volume-Profit Analysis Breakeven Analysis Economic Costs versus Accounting Costs Marginal Analysis Cost-Based Pricing

Capital Projects The Time Value of Money Cost of Capital The Capital Budgeting Decision Methods in Evaluating Capital Projects Sensitivity and Risk Analysis Working Capital and the Financing Decision Current Asset Management Sources of Short-Term Financing Using Financial Information to Manage the Business Making Business Decisions in Finance, Marketing, Production and Investment The Budgeting Process Guidelines and Techniques Cost Control